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- For this meeting, we have prepared a set of events to explain the US economic principles.
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- Excuse me, I just bought a car and the dealership says this is my private property now. What does that entail?
- Hi, yes! Private property is something you can own, use, or dispose of. Anything you own, you can decide what do with it.
- Is this the only place I can start my business? It's expensive here.
- You have a choice whether to open a shop here. It will cost you very much to rent and maintain, but will make you good money on this street. Are you sure this is the right location for your business?
- Diane, what can we do to increase our profit on our dresses?
- We can plan, invest, and produce new dress styles that will create more business and money.
- Hey mom, sorry to call so early, but how do I take out my competition to increase my sales?
- Hey hon, no worries. Your competition is someone who is selling goods and services related to your own. Try to improve your products and control your prices.
- Private Property, Freedom of Choice, Competition
- So class, what are the 4 U.S. Economic Systems?
- Profit and...
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